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Tuesday, August 30, 2011

Titanic Market Battle?

A lot has been written about the Bilderbergers and their speculative
global conspiracy to concentrate corporate power.A lot of this material by Ellen is along that
vein and again tries to link market movements to a hand other than the invisible
hand of the market.Perhaps but perhaps
not.

The market actions of the past week reflect the imbalance created by
the soap opera acted out in Washington.It carried on for long enough for a lot of
folks to get seriously offside.The
resolution immediately caused them to pile back into the market, but over
several days and producing market chaos as it all sorted itself out.

In short we had a mass of confusion that had absolutely nothing to do with
what the press thought.

With impeccable timing S&P finally down graded US government
credit, a move not followed by others.This description makes it sound like an ego trip.

The really good news is that we got all this nonsense over with in
August setting up a bullish quarter in the face of a lot of hand wringing.See you in January a lot higher.

Titanic Battle or Insider Trading? The S&P
Downgrade and the Bilderbergers: All Part of the Plan?

Last week, the Dow Jones Industrial Average rose or fell by at least 400 points
for four straight days, a stock market first.

The worst drop was on Monday, 8-8-11, when the Dow plunged 624 points.
Monday was the first day of trading after US Treasury bonds were downgraded
from AAA to AA+ by Standard and Poor’s.

But the roller coaster actually began on Tuesday, 8-2-11, the day after the
last-minute deal to raise the U.S.
debt ceiling -- a deal that was supposed to avoid the downgrade that happened
anyway five days later. The Dow changed directions for eight
consecutive trading sessions after that, another first.

The volatility was unprecedented, leaving analysts at a loss to
explain it. High frequency program trading no doubt added to the wild swings,
but why the daily reversals? Why didn’t the market head down and
just keep going, as it did in September 2008?

The plunge on 8-8-11 was the worst since
2008 and the sixth largest stock market crash ever. According to Der Spiegel, one of the most widely read
periodicals in Europe:

Many economists have been pointing out that last week's panic resembled the
fear that swept financial markets after the collapse of US investment bank Lehman Brothers
in September 2008.

Then as now, banks stopped lending each other money. Then as now,
banks' cash deposits at the central bank doubled within days.

But on Tuesday, August 9, the market gained more points from its low than it
lost on Monday. Why? A tug of war seemed to be going on between two titanic
forces, one bent on crashing the market, the other on propping it up.

The Dubious S&P Downgrade

Many commentators
questioned the validity of the downgrade that threatened to be another Lehman
Brothers. Dean Baker, co-director of the Center for Economic and Policy
Research, said in astatement:

"The Treasury Department revealed that S&P’s decision was
initially based on a $2 trillion error in accounting. However, even after this enormous error was
corrected, S&P went ahead with the downgrade.This suggests that S&P had made the decision to
downgrade independent of the evidence.
[Emphasis added.]

Paul Krugman, writing in the New
York Times, was also skeptical, stating:

[E]verything
I’ve heard about S&P’s demands suggests that it’s talking nonsense about
the US
fiscal situation. The agency has suggested that the downgrade depended on the
size of agreed deficit reduction over the next decade, with $4 trillion
apparently the magic number. Yet US solvency depends hardly at all
on what happens in the near or even medium term: an extra trillion in debt adds
only a fraction of a percent of GDP to future interest costs . . . .

In short,
S&P is just making stuff up — and after the mortgage debacle, they really
don’t have that right.

In an illuminating expose posted on
Firedoglake on August 5, Jane Hamsher concluded:

It’s becoming more and more obvious that Standard and Poor’s has a political
agenda riding on the notion that the US is at risk of default on its
debt based on some arbitrary limit to the debt-to-GDP ratio. There is no sound
basis for that limit, or for S&P’s insistence on at least a $4 trillion
down payment on debt reduction, any more than there is for the crackpot notion
that a non-crazy US can be forced to default on its debt. . . .

It’s time the media and Congress started asking Standard and Poors what
their political agenda is and whom it serves.

[A]fter the market close on Friday August 5th, we received word that S&P
CEO Deven Sharmahad taken control of the ratings agency and personally led the push
for a U.S. downgrade. There is a lot of evidence that he has deliberately tried to trash the U.S. economy.
Even after discovering that the S&P debt calculations were off by $2
trillion, Sharma made the decision to go ahead with the unethical downgrade.
This is a guy who was a key contributor at the 2009 Bilderberg Summit that organized 120
of the world's richest men and women to push for an end to the dollar as the
global reserve
currency.

[T]hrough his writings on “competitive strategy” S&P CEO Sharma
considers the United States the PROBLEM in today’s world, operating with what
he implies is an unfair and reckless advantage. The brutal reality is that for
"globalization" to succeed the United States must be torn asunder
. . .

Also named by Schwarz as a suspect in the market manipulations was Michel
Barnier, head of European Regulation. Barnier triggered an alarming
513-point drop in the Dow on August 4, when he blocked the plan of Hans
Hoogervorst, newly appointed
Chairman of the International Accounting Standards Board, to save Europe by adopting a new rule called IFRS 9. The rule
would have eliminated mark-to-market accounting of sovereign debt from European
bank balance sheets. Schwarz writes:

We all should be experts on the dangers of mark-to-market accounting after
observing the U.S.
banking crisis of 2008/2009 and the Great Depression in the 1930s.
Mark-to-market was repealed at 8:45 a.m on April 2, 2009, which finally put a
stop to the short term liquidity crisis and at the same time ushered in a stock
market recovery. Banks no longer had to raise capital as long term stability
was brought back to the system. The exact same scenario would have happened in
2011 Europe under Hoogervorst's plan. Without
the threat of failure by those banks who hold high amounts of euro sovereign
debt, investors would be free to move on from the European crisis and the stock
market could resume its fundamental course.

Schwarz notes that Barnier, like Sharma, was aconfirmed attendee at past Bilderberger
conferences. What, then, is the agenda of the Bilderbergers?

The One World Company

Daniel Estulin, noted expert on the Bilderbergers, describes that secretive
globalist groupas “a medium of bringing together financial institutions which are the
world’s most powerful and most predatory financial interests.”Writingin June
2011, he said:

Bilderberg isn’t a secret society. . . . It’s a meeting of people who represent
a certain ideology. . . . Not OWG [One World Government] or NWO [New World
Order]as too many people mistakenly
believe. Rather, the ideology is of aONE WORLD COMPANY LIMITED.

It seems the Bilderbergers are less interested in governing the world than in
owning the world. The “world company” was a term first used at a Bilderberger
meeting in Canada
in 1968 by George Ball,U.S.
Undersecretary of State for Economic Affairs and a managing director of banking
giants Lehman Brothers and Kuhn Loeb. The world company was to be a new form of
colonialism, in which global assets would be acquired by economic rather than
military coercion. The company would extend across national boundaries,
aggressively engaging in mergers and acquisitions until the assets of the world
were subsumed under one privately-owned corporation, with nation-states
subservient to a private international
central banking system.

Estulin continues:

The idea behind each and every Bilderberg meeting is to create what they
themselves call THE ARISTOCRACY OF PURPOSE between European and North American elites
on the best way to manage the planet. In other words, the creation of a global
network of giant cartels, more powerful than any nation on Earth, destined to
control the necessities of life of the rest of humanity.

. . . This explains what George Ball . . . said back in 1968, at a Bilderberg
meeting in Canada:
“Where does one find a legitimate base for the power of corporate management to
make decisions that can profoundly affect the economic life of nations to whose
governments they have only limited responsibility?”

That base of power was found in the private global banking system. Estulin goes
on:

The problem with today’s system is that the world is run by monetary systems,
not by national credit systems. . . . [Y]ou don’t want a monetary system to run
the world. You want sovereign nation-states to have their own credit systems,
which is the system of their currency. . . . [T]he possibility of productive,
non-inflationary credit creation by the state, which is firmly stated in the US
Constitution, was excluded by Maastricht [the Treaty of the European Union] as
a method of determining economic and financial policy.

The world company acquires assets by preventing governments from issuing their
own currencies and credit. Money is created instead by banks as loans at
interest. The debts inexorably grow, since more is always owed back than was
created in the original loans. (For more on this, seehere.) If currencies are not allowed to expand to meet
increased costs and growth, the inevitable result is a wave of bankruptcies,
foreclosures, and sales of assets at firesale prices. Sales to whom? To the “world company.”

Battle of the
Titans

If that was the plan behind the market assaults on August 4 and August 8,
however, it evidently failed.What turned the market around, according to Der
Spiegel, was the European Central Bank, which saved
the day by embarking on a program of buying Spanish and Italian bonds. Sidestepping the Maastricht Treaty, the ECB said it would engage in the
equivalent of “quantitative easing,” purchasing bonds with money created with
accounting entries on its books. It had done this earlier with Greek
and Irish sovereign debt but had resisted doing it with Spanish and Italian
bonds, which were much larger obligations. On Tuesday, August 16, the ECB
announced that it was engaging in a record $32 billion bond-buying spree in an attempt to appease the markets and save the Eurozone from
collapse.

Federal Reserve Chairman Ben
Bernanke was also expected to come through with another round of quantitative
easing, but his speech on August 9 made no mention of QE3. As blogger Jesse
Livermore summarized the market’s response:

.
. . [T]he markets sold off rather rapidly as no announcement was made
about QE3.
. . . It wasn’t until . . . the last 75 min of market activity [that] the DJIA
gained 639 pts to close at a day high of 11,242. That begs the question, where
did that injection of capital come from? The President’s Working Group on
Financial Markets? Or did the “policy tools” to promote price stability by any
chance include the next round of Quantitative Easing unannounced?

Was that QE3 Incognito, Ben?

Titanic Battle
or Insider Trading?

That leaves
the question, why the suspicious downgrade on August 5, AFTER the government
had made major concessions just to avoid default, and despite the embarrassing
revelation that S&P’s figures were off by $2 trillion? Suspicious bloggers
have pointed out that Lehman Brothers was brought down by a massivebear raid on 9-11-08, echoing the disaster of 9-11-01; that
the S&P downgrade hit the market on 8-8-11; and that the S&Pfell exactly6.66%
and the Dow fell exactly 5.55% on that date. In Illuminati lore, these are power numbers, of the
sort chosen for power moves.

But we don’t need to turn to numerology to find a motive for proceeding with
the downgrade. On August 12,MSN.Money reported that it “wasn't much of a surprise”:

Wall Street had heard a rumor
early on that the downgrade was coming. News sites reported the rumor all day.

Unless it was all a huge
coincidence, it's likely that someone in the know leaked the information. The
questions are who and whether the leak led to early insider trading.

The Daily Mail had the story of someone
placing an $850 million bet in the futures market on the prospects of a US debt
downgrade:

The latest bet was made on July 21 on trades of 5,370 ten-year Treasury futures
and 3,100 Treasury bond futures, reported ETF Daily News.

Now the investor’s gamble seems to have paid off after Standard and Poor’s
issued a credit rating downgrade from AAA to AA+ last Friday.

Whoever it is stands to earn a 1,000 per cent return on their money, with the
expectation that interest rates will be going up after the downgrade.

The Securities Exchange Commission announced on August 8 that it isinvestigating the downgrade. According to the Financial Times, the move is part of a preliminary
examination into potential insider trading.

Whatever can be said about
the first two weeks of August, their market action was unprecedented, unnatural,
and bears close observation.

Ellen Brown is president of
the Public Banking Institute and the author of eleven books. She developed her
research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt, she
turns those skills to an analysis of the Federal Reserve and “the money trust.”
Her websites are http://WebofDebt.com andhttp://PublicBankingInstitute.org.

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About Me

Apr 2017 - 4.1 Mil Pg Views, March 2013 - Posted my paper introducing CLOUD COSMOLOGY & NEUTRAL NEUTRINO rigorously described as the SPACE TIME PENDULUM, September 2010 I am pleased to report that my essay titled A NEW METRIC WITH APPLICATIONS TO PHYSICS AND SOLVING CERTAIN HIGHER ORDERED DIFFERENTIAL EQUATIONS' has been published in Physics Essays(AIP) and appeared in their June 2010 quarterly. 40 years ago I took an honors degree in applied mathematics from the University of Waterloo. My interest was Relativity and my last year there saw me complete a 900 level course under Hanno Rund on his work in relativity,as well as differential geometry(pure math) and of course analysis. I continued researching new ideas and knowledge since that time and I have prepared a book for publication titled Paradigms Shift&. I maintain my blog as a day book and research tool to retain data and record impressions and interpretations on material read. Do join my blog and receive Four items of interest daily Monday through Saturday.